The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-11
FINANCE AND COMMERCE.
MONEY 6 TO s PER CENT, NEW
YORK EXCHANGE I.S PREM.
Cotton Firm - MiddiIng Cotton,
lle-Sales Yesterday, s75
Bales.
APPEAL 0ysIcEE:-


Bank rates on lOsnsble funds remain I'M
shsngtd on basis Of 6 to sper cent. for call
and time fsvors. The supply is good and
Sufficient for all purposes.
The local cotton market is unchanged and
firm ;middliDg lie. The sales today we're 275
bales, all to spinners.
The FIRST cotton bloom Of the sealon was
received today from Capt. John Willis
place, Panther-Burn Station, Shsrkcy
county. Miss, and on the Louisville, New
Orleans and Texas railroad. The first bloom
in 1886 was received June l4th; in 1885, June
18th; in 1884, June 3Oth, and in 1858, june
Ath.
New York spots opened and c,osod steady /;
middling, IL Slice; futures closed very
steady-1l to II points mp on the old crop aud
to points advance on the new. June,
II 22c.
At New orlosns spots closed steady; mid
ding, 1910; futures closed 7 to IL points
higher for the old crop and 5 to points
higher for the new.
The port markets closed generally firm.
A leading New York cotton circular says
sftho future market: at was an animated
y
stronger undertone and eventually recov-
cred good portion of the recent loss. The
clique ran August up some II points above
last evening and carried the feeling firm to
the close"
The Liverpool spot market was quoted
mere efsriag, sellers inclined to give way
slightly. Middling uplands and Orleans, cd.
Futures steady; June closed {. SD, buyers.
At Manchester cloths were firm, prices
stiffsninE little. Yarns are unchanged,
with moderate business.
The grain market at the leading points is
easy and lower, and provisions are firm and
higher.
Liverpool leading grain circular of the
10th says; The fine weather and the declin-
ing American markets have caused very
quiet wheat market since Tuesday. Values
are not generally lower, but the tendency is
in buyers favor when sales are made ex
quay. Cargoes are in limited demand, the
prices checking buyers. There is some in
curry from the continent. At today's mar
ket the weather was fire. The attendance
was small. Wheat was dull and in limited
request atld decline. Flour was slow of sale
At unchanged prices. Corn was quiet and
slightly easier"
A dispatch from New York Of date June
10Th states that "the coffee market suffered
decidedly bad break today, and at times
the feeling was semi-panicky. The ex-
treme losses are from lbs to las points Tor
nearly DC per pound. This decline is the
largest ever recorded in one days trading.
The weakening influences are q general
selling, mainly by foreign houses, and
break 10 HAVE of 2A@24 francs. The
speculative dealings here will reach upward
Of 200, 900 bags"
The general grocery market is steady and
has developed no new feature.
According to the New York Tobacco Lear
1.-THE boom in the leaf tobacco market is
now fairly started, and the activity present.
cd 10 refreshing to those who have watched
the preceding months of dullness and gen.
oral inactivity, and though they are only a
sample what was to follow. But the tide has
turned, and now eyerI one wants to buy,
and both old and new tobacco feels the I'M
pulse. The advance established over sixty
days ago is from to 3 cents higher at the
least estimate, and the mari et is apparently
still on the mp grade 1T is only a matter Of
time, and probably short at that, when man
ufacturers will advance prices, and we hear
Of one who has already done so. SpscuIa-
tsrs are taking hold, and with the light stock
and re duced crop as compared with last
yeAr, everything seems to Joint to a still
further advance"
IMPORTS.
Five brls beans and peas, 2 pkgs butter,
l@ pkgs bacon, $50 pkgs DO ITS and shoes, 49,
800 bu cern, 2 pigs cheese, 55S SKIS cotton
seed, ! car cotton reed, 100 pkgs dry goods,
81 pkgs eggs, 700 brls -four, 800 bales hay, 81 |
pkgs hats, 65 hid cattle, 12s nd horses and
mules, 8i8 pkgs ard, 10000 feet lumber 2 |
cars lime, 600 brls neal, IT'S brls III Olas es,
500 kgs nails, 1000 bu oats, 3 6 b Is potatoes, |
car, pork sides, 10 pkgs rice, 3l9 brls sugar, |
100 pkgs tobacco.
ELEVATOR REPORTS.
The following shows the amount of grain |
received, WITHDRAWN and n store by regular |
elevators. as reported % the Merchants bx- |
change yesterday: Corn-received, 1882 bu;
Withdrawn, 1923 bu; in st re, 40, 1872 bu. Oats |
withdrawn, 255 bu; in store, 1888 GU.